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Arnold Clark donates £100,000 to anti poverty food banks

Motor Trader

Arnold Clark donated 100,000 to anti-poverty charity and community of food banks through customer rewards programme In the lead up to Christmas, Arnold Clark ran an initiative on their app which saw the Group donate 2 towards Trussell for every Rewards member who opted in.

Banking 94
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Chancellor launches bid to protect banks from motor finance commission pay-outs

Motor Trader

Chancellor Rachel Reeves has intervened in the motor finance commission case in a bid to protect banks and finance houses from paying out hundreds of millions of pounds in compensation to consumers. The judgment related to fixed commission motor finance agreements as well as DCAs, which the FCA banned in 2021.

Banking 106
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Man Tried To Buy 3 BMWs With Photoshopped Bank Transfers

Carscoops

A 23-year-old sent fake bank transfer screenshots to a dealer and drove off with the car. The man was arrested and sentenced to three years in prison, with 21 months suspended. His defense team claimed he had ADHD and autism, but he was sentenced anyway.

Banking 70
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Hidden Risk in Reinsurance: Investment Fraud and Bank Failures

AutoDealer Today

Attorney urges reinsurance company owners and managers to actively mitigate the real and growing risks of investment manager misconduct and bank insolvency.

Banking 130
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PODCAST: Automotive Intelligence Award honoree Jonathan Banks

Auto Remarketing

Next up on our series of podcasts with these first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program is a conversation with Jonathan Banks, vice president of product development & valuation services at J.D. The full conversation can be found below.

Banking 52
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Car deliveries paused after finance commission ruled unlawful

Autocar

The landmark ruling by the Court of Appeal has thrown banks, dealers and car makers into a state of disarray, given that it effectively bans dealers from profiting on finance deals unless the buyer gives their consent. Among those gearing up for the worst is Lloyds Bank, as the owner of Black Horse, a leading lender of car finance.

Finance 116
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Paragon Bank appoints new motor finance division MD

Motor Trader

Paragon Bank has appointed Dave Wilson as Managing Director of its Motor Finance division, following Julian Rance’s retirement. His 25 year career in financial services includes work with Close Brothers, Bank of Scotland and MotoNovo Finance. Wilson joined Paragon’s Motor Finance division in 2017.

Banking 105